State of Alaska Department of Revenue Has $568,000 Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

State of Alaska Department of Revenue increased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 12.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,134 shares of the company’s stock after purchasing an additional 2,050 shares during the period. State of Alaska Department of Revenue’s holdings in Celsius were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after buying an additional 2,754,722 shares during the period. Vanguard Group Inc. increased its stake in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after purchasing an additional 2,567,290 shares in the last quarter. Capital International Investors raised its holdings in shares of Celsius by 50.6% during the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after purchasing an additional 1,333,217 shares during the period. Capital Research Global Investors bought a new position in shares of Celsius during the 1st quarter worth about $99,746,000. Finally, GQG Partners LLC acquired a new stake in shares of Celsius in the 1st quarter valued at about $76,352,000. 60.95% of the stock is currently owned by institutional investors.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Roth Mkm reduced their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday. LADENBURG THALM/SH SH dropped their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. UBS Group decreased their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Stock Down 0.1 %

CELH stock opened at $30.01 on Friday. The business has a 50 day moving average of $32.34 and a 200-day moving average of $51.49. The firm has a market cap of $6.99 billion, a PE ratio of 29.52, a P/E/G ratio of 2.43 and a beta of 1.86. Celsius Holdings, Inc. has a 12-month low of $27.78 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. On average, research analysts expect that Celsius Holdings, Inc. will post 0.79 earnings per share for the current year.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.